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RETURN WITH BID <br /> In submitting this Proposal,it is understood that the right is reserved by the Owner to reject <br /> any or all Proposals and waive informalities or irregularities in Proposals. The Owner also reserves <br /> the right to delay the award of a contract for a period not to exceed 45 days from the date of the <br /> opening. <br /> ' The undersized further agrees, if awarded the Contract for the wow inuded in this <br /> Proposal,to begin and to complete and deliver the work contemplated in accordance with all the <br /> conditions set forth in the Contract Documents. <br /> The undersigned has carefully checked the figures inserted by them and understands that <br /> ' they are the Bidder's sole responsibility, and the Owner will not be responsible for any errors or <br /> omissions on the part of the undersigned Bidder in preparing this Proposal. <br /> The undersigned certifies that this Proposal is genuine,not collusive,or made in the interest <br /> or behalf of any person not named as provided in the Instruction to Bidders, and that the <br /> undersigned has not,directly, or indirectly, induced or solicited any other Bidder, or induced any <br /> ' other person, firm, or corporation to refrain from submitting a proposal, and the undersigned has <br /> not in any manner sought by collusion to secure for themselves an advantage over any other <br /> Bidder. <br /> ' Attached,as a proposal guaranty,is a properly certified check made payable to"Treasurer, <br /> City of Decatur", Decatur, Illinois, in an amount not less than ten (10) percent of the bid; or a <br /> cashier's check made payable to "Treasurer, City of Decatur", Decatur, Illinois, in an amount not <br /> ' less than ten (10) percent of the bid; or a bid bond on a form approved by the City of Decatur, <br /> executed by a surety company satisfactory to the City in an amountnot less than ten(1€3)percent <br /> of the bid. <br /> ' It is expressly understood that the proposal guaranty is given as a guarantee that the bidder <br /> will execute the contract and furnish acceptable bonds and required insurance,if awarded the work <br /> i and the amount thereof represents the agreed damages that the Owner will sustain if the bidder <br /> fails or Wises within ten {10)days from and including the date of the Notice of Award of the <br /> Contract, to execute and deliver said Contract and deliver the required bonds and insurance shall <br /> ' be just cause for the cancellation of the award and the forfeiture of the proposal guaranty which <br /> shall become the property of the City,not as penalty,but in liquidation of damages done. Award <br /> may be then made to the next lowest qualified bidder, or the work re-advertised and constructed <br /> ' under contract,or otherwise,as the City may decide. <br /> The Bidder grants the Owner the right to hold the lowest three (3) Proposals received, <br /> together with the accompanying bid securities,for a period of 45 days after the date of opening of <br /> said Proposals. <br /> 17 <br />